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#1716 (permalink)

10-22-2008, 05:38 PM

etarkum

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Join Date: Aug 2008

Posts: 43

etarkum is an unknown quantity at this point

Quote:

Originally Posted by Big Mike

nasdaq looks like it is forming a triangle.
One more day and it should break. If not Friday, then next week.
Next drop will be around 400 points at least. That will complete wave 1 of 3.
But there is a long way down yet. We havent even come close to the lows of 2002, never mind REAL DROP. That will come soon, though.

Hi Big Mike, agree totally with the triangle formation, and a similar pattern is on the Dow as well, which targets Dow towards 6000's level soon! But Brad's idea of a bounce in USD/JPY is a bit scaring, since if JPY will reach 102ish by Friday, then we may see a good bounce in US Stock markets tomorrow and day after!

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